CL-2015-000047 - [2025] EWHC 2724 (Comm)
Commercial Court

CL-2015-000047 - [2025] EWHC 2724 (Comm)

Fecha: 21-Oct-2025

Heading

Neutral Citation Number: [2025] EWHC 2724 (Comm)
Case No: CL-2015-000047
IN THE HIGH COURT OF JUSTICE
BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES
KING'S BENCH DIVISION
COMMERCIAL COURT

Royal Courts of Justice

Rolls Building, Fetter Lane,

London, EC4A 1NL

Date: 21/10/2025

Before :

THE HONOURABLE MR JUSTICE HENSHAW

Between:

(1) ALTA TRADING UK LIMITED (formerly known as ARCADIA PETROLEUM LIMITED)
(2) ARCADIA ENERGY (SUISSE) SA
(3) ARCADIA ENERGY PTE. LTD.

(4) FARAHEAD HOLDINGS LIMITED

Claimants

- and -

(1) PETER MILES BOSWORTH
(2) COLIN HURLEY

(3) STEPHEN CLIVE LANGFORD GIBBONS
(4) MARK RICHARD LANCE
(5) STEVEN KELBRICK
(6) SALEM CHUCRI MOUNZER
(7) ARCADIA PETROLEUM SAL OFFSHORE
(8) ARCADIA PETROLEUM LIMITED, MAURITIUS
(9) ATTOCK OIL INTERNATIONAL LIMITED, MAURITIUS
(10) THE CORNHILL GROUP LIMITED

Defendants

David Quest KC, Clarissa Jones and Chinmayi Sharma (instructed by Reed Smith LLP) for the Claimants

Richard Eschwege KC and Charles Wall (instructed by Quinn Emanuel Urquhart & Sullivan UK LLP) for the First and Second Defendants

Tom Sprange KC and Freddie Popplewell (instructed by King & Spalding International LLP) for the Fifth and Ninth Defendants

The Seventh and Eighth Defendants did not appear and were not represented

Hearing date: 7 October 2025

Draft judgment circulated to parties: 17 October 2025

Approved Judgment

.............................

Mr Justice Henshaw:

(A) INTRODUCTION 3

(B) BASIS OF THE APPLICATIONS TO AMEND 4

(C) LEGAL PRINCIPLES 10

(1) Permission to amend 10

(2) Striking out 10

(3) Stays of proceedings 11

(4) Damages in an Inquiry 11

(5) The ‘Own Wrong’ Principle 17

(6) “Sole cause” 23

(D) ANALYSIS 23

(1) Own wrong argument 23

(2) Sole cause argument 27

(3) Unsuccessful freezing order application counterfactual 28

(4) Other amendments 29

(E) STAY OF PROCEEDINGS 29

(F) FURTHER INFORMATION 30

(1) Approach 30

(2) D1/D2 requests (pursued and contested) 33

(3) D5 requests (pursued and contested) 35